Currently uptrend should end around 1.1945 - 1.1925 area. A correction down to below 1.1818 is expected. A rise above 1.1966 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1924
  • Entry Point1.1868
  • Trendline 11.1788
  • Trendline 21.1865
  • Elliott1.1696
  • Closing1.1883
  • Ex-Low1.1793
  • Ex-High1.1900
  • Projection1.2040

Supports and Resistance levels

  • Support 11.1818
  • Support 21.1752
  • Resistance 11.1925
  • Resistance 21.1966
  • Pivot1.1859

Should test support at 1.1640 while below 1.1772. If support at 1.1640 holds it can rise up to 1.1907, if not it should fall to below 1.1508 zone.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.1857
  • Entry Point1.1746
  • Trendline 11.1582
  • Trendline 21.1880
  • Elliott1.1168
  • Closing1.1772
  • Ex-Low1.1642
  • Ex-High1.1908
  • Projection1.1953

Supports and Resistance levels

  • Support 11.1640
  • Support 21.1508
  • Resistance 11.1907
  • Resistance 21.2041
  • Pivot1.1774

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2121 or 1.2059 if support around 1.1622 hold. After which a pullback to 1.1622 - 1.1479 zone is possible.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.1998
  • Entry Point1.1539
  • Trendline 11.1270
  • Trendline 21.1394
  • Elliott1.0636
  • Closing1.1772
  • Ex-Low1.1185
  • Ex-High1.1908
  • Projection1.2027

Supports and Resistance levels

  • Support 11.1336
  • Support 21.0899
  • Resistance 11.2059
  • Resistance 21.2345
  • Pivot1.1622